Quote:
Originally Posted by WideReceiver
The Libs won’t come after our home equity, will they? My friend says yes.
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What would that even mean? Is he suggesting they are going going to actively push for a housing recession? That seems more like something that would come out of the policy making by slogan party.
If anything Canada needs housing prices to hold through a little bit of inflation, but housing prices dropping would make the housing crisis worse, because either people would become slightly upside down on their mortgages and unable to move, reducing the amount of housing on the market, or people would start abandoning houses they are are very upside down on to foreclosure, which would make 2008 look fun, because there would be supply on the market, but people and the banks couldn't afford to buy it.